Archive · 31 Oct 2025
Netflix Explores Warner Bros Discovery Studio and Streaming Acquisition
Netflix is thinking about buying parts of Warner Bros Discovery, specifically the movie studios and the streaming shows, like the ones with Harry Potter and DC Comics.
They've hired a special company to help them figure out if it's a good idea, like a consultant for big deals.
Netflix can now look at Warner Bros' money information to help decide.
Netflix's boss said they usually make their own shows but will look at big opportunities.
However, Netflix is definitely not interested in buying Warner Bros' TV channels, like CNN.
Warner Bros Discovery is also looking at other options for their company, like splitting it up or selling parts of it, because other companies have made offers too.
Netflix is exploring a potential bid for Warner Bros Discovery's studio and streaming operations.
The streaming giant has hired investment bank Moelis & Co. to advise on a possible acquisition.
Netflix has gained access to Warner Bros Discovery's financial data room to assess a bid.
Acquisition could include valuable franchises like Harry Potter and DC Comics, along with HBO content.
Netflix has stated no interest in acquiring Warner Bros Discovery's cable television networks.
- Who
- Netflix, Warner Bros Discovery, Moelis & Co.
- What
- Netflix is exploring a bid for Warner Bros Discovery's studio and streaming assets, hiring a financial advisor and accessing the company's financial data room.
- When
- Following unsolicited offers received by Warner Bros Discovery and Netflix's CEO comments last week regarding acquisition strategies.
- Where
- Hollywood studio and streaming business assets.
- Why
- To strengthen Netflix's entertainment offerings and gain control over valuable franchises and content.
Netflix Stance
Warner Bros Discovery Options
Scope of Interest
Netflix Stance
Netflix is interested in acquiring the studio and streaming business, including major franchises and HBO content.
Warner Bros Discovery Options
Warner Bros Discovery is evaluating options including a planned split or sale of all or parts of the company.
Interest in Cable Networks
Netflix Stance
Netflix has explicitly stated it has no interest in owning legacy media networks like CNN, TNT, Food Network, and Animal Planet.
Warner Bros Discovery Options
These cable networks are part of Warner Bros Discovery's overall assets being considered in their strategic review.
- Acquisition Target
- Warner Bros Discovery's studio and streaming business
- Netflix Financial Advisor
- Moelis & Co.
- Warner Bros Content
- Harry Potter, DC Comics franchises, HBO content, original series like 'Running Point,' 'You,' and 'Maid'
- Excluded Assets
- Cable television networks (CNN, TNT, Food Network, Animal Planet)
- Warner Bros Discovery's Strategic Review
- Evaluating options including a planned split or sale of all or parts of the company